Government Grant Programs Sample Clauses
The Government Grant Programs clause outlines the terms and conditions under which a party may participate in or benefit from government-funded grant initiatives. Typically, this clause specifies eligibility requirements, compliance obligations with relevant laws and regulations, and the procedures for applying for or administering grant funds. Its core practical function is to ensure that all parties understand their responsibilities and the regulatory framework governing the use of government grants, thereby reducing the risk of non-compliance and potential legal or financial penalties.
Government Grant Programs. Schedule 4.20 provides a complete list of all material pending and outstanding grants, incentives and subsidies (collectively, "Grants") from the Government of the State of Israel or any agency thereof, or from any foreign governmental or administrative agency, to the Seller Group relating to the Business including, without limitation, (i) Approved Enterprise Status from the Investment Centre and (ii) grants from the Office of the Chief Scientist of the Israeli Ministry of Trade & Industry. The Seller Group has made available to the Purchaser Group, prior to the date hereof, correct copies of all applications for Grants submitted by any Seller and of all letters of approval, and supplements thereto, granted to any Seller. Schedule 4.20 details all material undertakings of the Sellers given in connection with the Grants. Without limiting the generality of the above, Schedule 4.20 includes the aggregate amounts of each Grant, and the aggregate outstanding obligations thereunder of the Sellers with respect to royalties, or the outstanding amounts to be paid by the Office of the Chief Scientist of the Israeli Ministry of Trade & Industry to the Sellers and the composition of such obligations or amount by the product or product family that it relates to. Each member of the Seller Group is in compliance, in all material respects, with the terms and conditions of its Grants and, has duly fulfilled, in all material respects, all the undertakings relating thereto. The Seller Group is not aware of any event or other set of circumstances that might lead to the revocation or material modification of any of the Grants.
Government Grant Programs. Except as set forth on Section 3.26 of the Disclosure Schedule, Seller has no Liability due to any pending or outstanding grants, tax benefits, incentives and/or subsidies from the Government of Spain or any agency thereof related.
Government Grant Programs. SCHEDULE 5.26 hereto provides a complete list of all pending and outstanding grants, tax benefits, incentives and subsidies from the Government of the State of Israel or any agency thereof, or from any foreign governmental or administrative agency, to the Seller related to, or connected with, the Business or the Acquired Assets (collectively, "GRANTS") including (i) Approved Enterprise Status granted by the Investment Center and programs related thereto or connected therewith, and (ii) grants from the Office of the Chief Scientist (the "OCS") and programs relating thereto or connected therewith. The Seller has made available to the Buyer, prior to the date hereof, correct copies of all applications for Grants submitted by the Seller and of all letters of approval, and supplements thereto, granted to the Seller related to, or in connection with, the Acquired Assets or the Business as well as copies of all material correspondence with agencies which have provided a Grant. SCHEDULE 5.26 details all material undertakings of the Seller given in relation to, or connection with, the Grants. Without limiting the generality of the above, SCHEDULE 5.26 includes the aggregate amounts of each Grant, and the aggregate outstanding obligations thereunder of the Seller with respect to royalties, or the outstanding amounts to be paid by the OCS to the Seller, and the composition of such obligations or amount by the product or product family that it relates to or is in connection with. The Seller is in full compliance with the terms and conditions of the Grants and related programs and, except as disclosed in SCHEDULE 5.26, has duly fulfilled all of its undertakings and covenants relating thereto or in connection therewith. The Seller is not aware of any event or other set of circumstances which might lead to the revocation or material modification of any of the Grants.
Government Grant Programs. Subject to the provisions of Section 11.4 below and other than as set forth in Schedule 5.26, the Buyer does not purchase and does not assume any liability whatsoever, if any, which each Seller has, or shall have as a result of the implementation of the Transactions hereunder, including those due to any pending or outstanding grants, tax benefits, incentives and subsidies from the Government of the State of Israel or any agency thereof related or not, or connected or not with, the Business or the Acquired Assets.
Government Grant Programs. 16 4.24. Accredited Investor..................................................... 16 4.25. Legend.................................................................. 17 4.26. Business Affairs........................................................ 17 4.27.
Government Grant Programs. Schedule 3.26 provides a complete list of all pending and outstanding grants, tax benefits, incentives and subsidies (collectively, "Grants") from the government of the State of Israel or any agency thereof, or from any other governmental or administrative agency, to the Company or CN Ltd. relating to the Business, including, without limitation, (i) Approved Enterprise Status from the Investment Center and (ii) grants from the Office of the Chief Scientist ("OCS"). The Company has made available to Lucent, prior to the date hereof, correct copies of all applications for Grants submitted by the Company or CN Ltd. and all letters of approval, and supplements thereto, granted to the Company. Schedule 3.26 provides all material undertakings of the Company given in connection with the Grants. Without limiting the generality of the above, Schedule 3.26 includes the aggregate amounts of each Grant, and the aggregate outstanding obligations thereunder of the Company or CN Ltd. with respect to royalties, or the outstanding amounts to be paid by the OCS to the Company or CN Ltd. and the composition of such obligations or amount by the product or product family to which it relates. Each of the Company and CN Ltd. is in compliance, in all material respects, with the terms and conditions of their respective Grants and, except as disclosed in Schedule 3.26, have duly fulfilled, in all material respects, all the undertakings relating thereto. The Company is not aware of any event or other set of circumstances which might lead to the revocation or material modification of any of the Grants.
Government Grant Programs. LC:15
(1) The Parties agree that government Grant programs (e.g. from HRDC, FedNor) have the potential to enhance the community and the quality of life of the Citizens of CGS. The Parties therefore agree that support/concurrence with applications for said grants will not be unreasonably withheld.
(2) At the time Union concurrence is sought the Employer is to provide the Union with a written explanation of the amount of funding sought number of jobs to be created, their term, wage(s), general duties, and expected outcomes of the project.
Government Grant Programs. Except as set forth on Section 3.27of the Disclosure Schedule, Company has no Liability due to any pending or outstanding grants, tax benefits, incentives and/or subsidies from the Government of the State of Israel or any agency thereof related, including, without limitation, from the OCS.